Link: https://links.sgx.com/1.0.0/corporate-announcements/8ZSTHUH4PJE4Y7LJ/6d0bd5bdfea1564fe6fd7e871fedd0560252fe265cd73e985892eb3f32632336

Summary:

• Q3 total natural gas sales volume: 85.7 mmscfd (down 7% YoY, reflecting market softness and Colombia supply issues).

• Q3 revenue: US$60.9 million, with EBITDA of US$30.7 million.

• Q3 net loss: US$6.9 million (vs net profit last year), after higher depreciation, lower realized gas prices, and one-off non-cash charges.

• Cash position: US$97.3 million (down from US$108.7 million Q2); working capital positive.

• 9M2025 results: Revenue US$189.6 million, net income for 9M is US$12.2 million.

• Key business updates:

  • New Jobo-Majagua natural gas pipeline (100+ km) construction underway—target completion H1 2026, will add 100 mmscfd capacity.

  • Exploration ongoing at VIM 5 and VIM 33 blocks; management expects new reserves/resources after current drilling.

• Strategic priorities: Focus on pipeline infrastructure, improving Colombian gas supply reliability, reducing costs, and adding resources.

• Management reaffirms commitment to Colombia’s energy transition, with strong liquidity and ongoing investment in core assets.

• No dividend this quarter.